US Stocks Move: AI Chip Design Demand Boosts Performance, Synopsys (SNPS.US) Shares Rise Over 11% After Earnings

According to Zhitong Finance APP, on Thursday, chip design automation giant Synopsys (SNPS.US) opened higher and continued to rise, up over 11% as of press time. In terms of news, Synopsys released its fiscal 2026 third-quarter results, with revenue, profit margin, and earnings per share all surpassing the upper end of guidance. The company’s revenue for the third fiscal quarter increased by 42% year-on-year to $2.48 billion, exceeding the average analyst expectation of $2.44 billion; adjusted net profit was $750 million, up 37% from $550 million in the same period last year; adjusted earnings per share were $3.91, beating the average analyst forecast of $3.67. The company is benefiting from the multi-trillion-dollar artificial intelligence (AI) infrastructure expansion, which is driving demand for complex AI chips and advanced design tools. As chipmakers increase investment in more advanced chip systems, demand for AI-related chip design has grown significantly.